The Thin Film Solar Cell Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Thin Film Solar Cell Market?
The Thin Film Solar Cell market has seen robust growth recently, with its market size increasing from $14.44 billion in 2024 to $15.73 billion in 2025. The Compound Annual Growth Rate (CAGR) during this period has been 9.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Thin Film Solar Cell Industry?
The Thin Film Solar Cell market is predicted to expand to a market size of $22.28 billion in 2029 and is anticipated to grow at a 9.1% compound annual growth rate (CAGR).
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What are the Key Growth Drivers Fueling the Thin Film Solar Cell Market?
The key drivers in the thin film solar cell market are:
• Rising market competitiveness and evolving consumer preferences
• Integration of energy storage and growing adoption in emerging markets
• Advancements in material science, improved performance in low-light conditions
• Strategic investments in manufacturing capacity
Global Market Segmentation: Identifying Major Thin Film Solar Cell Industry Segments
The thin film solar cell market covered in this report is segmented –
1) By Type: Cadmium Telluride, Amorphous Thin-Film Silicon, Copper Indium Gallium Selenide, Microcrystalline Tandem Cells, Thin-film Polycrystalline Silicon, Other Types
2) By Technology: On-Grid, Off-Grid
3) By Application: Residential, Commercial, Utility
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What are the Emerging Trends Shaping the Future of the Thin Film Solar Cell Market?
The key trends in the thin film solar cell market are:
• The technological advancements and efficiency improvements are driving a key trend.
• Tandem and multijunction thin film solar cells are emerging trends.
• Increasing usage in building-integrated photovoltaics (BIPV) is a significant trend.
• There is a growing focus on recycling and sustainability within the industry.
Who Are the Top Competitors & Leading Players in the Thin Film Solar Cell Market?
Major companies in the thin film solar cell market are:
• Ascent Solar Technologies Inc.
• Filsom AG
• First Solar Inc.
• Hanergy Mobile Energy Group Ltd.
• Miasole Hi-Tech Corp.
• Mitsubishi Heavy Industries Ltd.
• Shunfeng International Clean Energy Limited
• Solar Frontier K.K.
• NanoPV Solar Inc.
• Oxford Photovoltaics Ltd.
• Global Solar Inc.
• Solara GmbH
• Toledo Solar Inc.
• Flisom Ltd.
• ENN Energy Holdings Ltd.
• Sharp Corp.
• Kaneka Corp.
• NexPower Technology Corp.
• Greatcell Solar Ltd.
• Exeger Operations AB
• Fujikura Europe Ltd.
• G24 Power Ltd.
• Heliatek GmbH
• Hanwha Qcells Co. Ltd.
• AVANCIS GmbH
• Solbian Energie Alternative Srl
• JA Solar Technology Co. Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the thin film solar cell market in 2024
